25 Year Software Company - $856,000 Cash Flow SOLD
Location: Southwestern OhioListing Number: 23627
Financial Information
Asking Price: $2,370,000Gross Revenues: $1,665,000
Cash Flow: $856,000
Real Estate: Leased space
Business Description
This customer relationship management (CRM) business consulting and software development company is operated by the original retirement aged owner. He has built his company’s reputation on dependability, trust, and service. The company enjoys over 130 active national accounts that have been loyal to them for many years; furthermore, no client represents more than 10% of the company’s revenues. In addition, there was over $500,000 in recurring revenue in 2021 which should continue for many years to come.
The company’s success is due to long – term and dependable employees (over 40 years with the same company) along with the organizational and management ability of the owner.
The business is offered as an asset sale purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Highlights include:
SBA loan eligible
No debt in the company
130 – 150 active accounts
100% business to business clientele
Virtually no advertising or marketing
$524,000 in recurring revenue in 2021
Covid has had no impact on the company
Clean books and records – all numbers are verifiable
Long term staff in place – over 40 years with company
3,000 square foot office with plenty of room for expansion